Apple Thoughts: Apple Sales Figures Not Stellar, But Good Enough

"NPD has released initial sales figures for the month of April, and Piper Jaffray analyst Gene Munster sees the year-over-year sales declines as generally good. According to his analysis, the declines should meet or beat Wall Street's expectations for Apple's third fiscal quarter."

In keeping with the financial news this morning, even though there were declines, it isn't anything that took anyone by surprise. The overall Mac sales numbers, US only, were pretty much flat for the "year-over-year" for April coming in at about a 1.8% decrease. The laptops were down 3.5%, but the desktop sales were up about 11%, based on the "line refresh", and the analysts say Apple will still sell about two million or so Macs. Sounds like a nice number during these times, but it will still mean a decline of anywhere from 8 to 16 % from last years numbers. Piper Jaffray doesn't seem too concerned though, they say it all falls within the Wall Street estimates. They must be confident, they predict a target share price of $180.00 USD for Apple.